xAI, Elon Musk’s AI company, has successfully raised $6 billion in a Series C financing round, significantly increasing its valuation to $45 billion. This round saw participation from notable investors including Andreessen Horowitz, Blackrock, Fidelity, Kingdom Holdings, and Nvidia, among others. Kingdom Holdings contributed approximately $400 million.
Key Developments
Since the Series B announcement in May 2024, xAI has made substantial advancements, including:
Colossus: xAI has developed the world's largest AI supercomputer, utilizing 100,000 NVIDIA Hopper GPUs. It became operational in just 122 days, with workloads beginning only 19 days after server delivery. Plans are in place to expand Colossus to 200,000 GPUs.
Grok 2: A frontier language model boasting state-of-the-art reasoning capabilities.
xAI API: Provides developers access to foundation models, enabling low-latency global inference deployments.
Aurora: An autoregressive image generation model that enhances multimodal understanding and generation.
Grok on 𝕏: Integrates real-time world understanding and features like web search and image generation.
xAI is currently training its most powerful model, Grok 3, and aims to launch innovative consumer and enterprise products. The funding will be directed towards enhancing infrastructure, developing groundbreaking products, and advancing research to fulfill its mission of understanding the universe's true nature.
xAI is actively hiring to build a team focused on creating advanced AI systems that are truthful, competent, and beneficial for humanity. Interested candidates can apply through x.ai/careers.
